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Gold prices traded mixed in futures trade on Thursday with near-term contracts witnessing mild profit booking while longer-dated contracts remained supported amid firm global cues.As of 15:22 pm, gold futures for April delivery on the Multi Commodity Exchange (MCX) were trading at Rs 1,58,360 per 10 grams, down Rs 395 or 0.25 per cent. The…
Gold price prediction (AI image) Gold and silver price prediction: Gold and silver prices have bounced back from recent lows, and appear to be on path for a long-term rise, believes Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. The commodity expert shares his outlook for gold and silver in the coming…
Safe-haven buying returned to the bullion market as silver and gold futures rebounded sharply, tracking supportive global cues and a softer US dollar.Gold futures also saw value buying, with the April contract rising Rs 1,397, or 0.89 per cent, to Rs 1,58,200 per 10 grams. In the previous session, the yellow metal had settled lower…
The yellow metal is trying to build a base, with $5,000 now the pivotal near-term pivot. (AI image) Gold price prediction today: Gold prices are extending their rally this week, and remain well supported in the long term, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. The expert lists…
Investor interest in precious metals surged in January, with mutual fund allocations to gold and silver rising sharply as prices of both metals climbed significantly. For the first time in recent years, monthly inflows into gold and silver schemes surpassed investments into equity funds, which have typically driven industry growth. Gold and silver Exchange Traded…
MUMBAI: Last month’s unprecedented rally in gold and silver helped net inflows into exchange traded funds (ETFs) for these two precious metals to outpace net inflows into equity funds for the first time ever. In Jan, compared to net inflows of about Rs 33,000 crore in gold and silver ETFs together, net inflows in equity…
Silver prices fell sharply by Rs 7,500, or nearly 3 per cent, to Rs 2.64 lakh per kilogram in the national capital on Tuesday, while gold moved in the opposite direction, rising Rs 2,200 per 10 grams amid a firm US dollar.According to the All India Sarafa Association, silver dropped to Rs 2,64,500 per kg…
The value of gold with Indian households has seen a big jump due to the rally in gold prices which has beaten all analyst expectations. (AI image) Did you know that the value of household gold with Indians is more than the size of India’s GDP? With gold prices skyrocketing in recent years, the value…
Actor Jayaram has been summoned by the Enforcement Directorate in connection with the Sabarimala gold theft case. The probe intensified after allegations surfaced that stolen gold ornaments were taken to Jayaram’s Chennai residence for prayers. The ED is investigating under the Prevention of Money Laundering Act, expanding the multi-agency investigation. The Sabarimala gold theft case…
A routine foundation dig for a new house turned extraordinary in a quiet village in Karnataka, when a buried pot containing gold ornaments emerged from the soil. The discovery, made during construction work, immediately sparked excitement and speculation, largely because the location, Lakkundi, is known for its rich archaeological and cultural past. Reports add that…
